Bitcoin is nearing a power law support line Fidelity has tracked since 2015
CoinDesk·
60-second summary
Bitcoin is nearing a crucial power law support line, tracked by Fidelity since 2015, which Jurien Timmer, Director of Global Macro, considers an accumulation zone. However, he notes the absence of a catalyst to trigger a bounce, leaving investors uncertain about the next move. Market participants are closely watching for a potential rebound.
The group's Dir. of Global Macro Jurien Timmer calls it an accumulation zone but notes the lack of a catalyst to bounce yet.